dalsingh101 Posted September 5, 2011 Report Share Posted September 5, 2011 Just wondering if anyone dabbles in stocks and shares here? If so, what is the cheapest way to do this with minimal overheads. I imagine it would be via some online service? Could any brother/sister in the know, share their knowledge of how to dabble without it costing an arm and a leg? 0 Quote Link to comment Share on other sites More sharing options...
SURYADEV Posted September 5, 2011 Report Share Posted September 5, 2011 open up a spread trading account with any online firm such as cityindex.co.uk. Deposit £100, (of course you can put in your life savings if you wish,) enough to start trading on various markets and 'learn' the game. Then watch your £100 reduce to pennies as emotions of fear and greed take over your sane mind. Then get a job, earn more money, save and repeat until you make your fortune! You will really recognise what your own ego is when you start trading. 0 Quote Link to comment Share on other sites More sharing options...
dalsingh101 Posted September 5, 2011 Author Report Share Posted September 5, 2011 That seems to be limited to 'spread betting'? Basically I guess what I am asking is whether I can trade without overhead costs? Or what is the absolute minimum overhead costs I can pay? 0 Quote Link to comment Share on other sites More sharing options...
SURYADEV Posted September 5, 2011 Report Share Posted September 5, 2011 All you need is computer with internet access and then whatever funds you are willing to lose. You need to learn how the platform works (ie whatever you see on each brokers screen). This is fairly easy. There are usually training guides on the website. Then your technical skill. ie When to go long, when to go short, when to just wait on the sidelines. These are the only three choices you will ever make when trading. learning this can take forever! These principles stay the same whatever you decide to trade: options, spread betting, futures, derivatives, shares, forex etc etc. Start off by reading and attending courses. Most books are rubbish and most courses are there to fleece you of money!!!! Understanding Human psychology is very important in trading. A trader I know recommeded That one reads books on sports psychology. Whats your current knowledge/skill level? Whats your trading style? Lemme know if you wanna know more on how to lose your hard-earned dosh. Easy way would be just to deposit it into my Santandar Bank account! 0 Quote Link to comment Share on other sites More sharing options...
dalsingh101 Posted September 5, 2011 Author Report Share Posted September 5, 2011 Lemme know if you wanna know more on how to lose your hard-earned dosh. Easy way would be just to deposit it into my Santandar Bank account! lol 0 Quote Link to comment Share on other sites More sharing options...
kdsingh80 Posted September 5, 2011 Report Share Posted September 5, 2011 (edited) All you need is computer with internet access and then whatever funds you are willing to lose. You need to learn how the platform works (ie whatever you see on each brokers screen). This is fairly easy. There are usually training guides on the website. Then your technical skill. ie When to go long, when to go short, when to just wait on the sidelines. These are the only three choices you will ever make when trading. learning this can take forever! These principles stay the same whatever you decide to trade: options, spread betting, futures, derivatives, shares, forex etc etc. Start off by reading and attending courses. Most books are rubbish and most courses are there to fleece you of money!!!! Understanding Human psychology is very important in trading. A trader I know recommeded That one reads books on sports psychology. Whats your current knowledge/skill level? Whats your trading style? Lemme know if you wanna know more on how to lose your hard-earned dosh. Easy way would be just to deposit it into my Santandar Bank account! In share market Luck plays a very big role.Who knows Dalsingh could become millionare and you would be begging for a job from him Edited September 5, 2011 by kdsingh80 0 Quote Link to comment Share on other sites More sharing options...
SURYADEV Posted September 5, 2011 Report Share Posted September 5, 2011 In share market Luck plays a very big role.Who knows Dalsingh could become millionare and you would be begging for a job from him Very true. thats why I don't offend him - even when he critises me and my White Masters! I might need to borrow a few pounds off him oneday. Hedge your bets!!! greatest rule of game theory. applicable to all life. 0 Quote Link to comment Share on other sites More sharing options...
Xylitol Posted September 5, 2011 Report Share Posted September 5, 2011 most of the experts were dead wrong in most of their financial predictions... it seems among the few who actually know what they are talking about there is gerald celente and this guy - http://www.newsmax.com/Newsfront/Aftershock-book-predicts-economic/2011/07/25/id/404782?utm_source=outbrain&utm_title=?Aftershock?-Book-Predicts-Economic-Disa/. better to invest in gold, silver, skills and knowledge, good health, and bani imo. 0 Quote Link to comment Share on other sites More sharing options...
Matheen Posted September 17, 2011 Report Share Posted September 17, 2011 Dalsingh, it depends if you want to invest (long term) or trade to make quick cash. What're you thinking of? 0 Quote Link to comment Share on other sites More sharing options...
tonyhp32 Posted September 18, 2011 Report Share Posted September 18, 2011 Dalsingh, The easiest way to deal in stock and not risk your cash is to sign up for the milliondollar challenge on cnbc. There's a chance to win $ 1 million and some other prizes but the best part is that you can use the site as a learning tool and for paper trading without risking any of your own money. http://milliondollar.cnbc.com/? The contest starts tomorrow 0 Quote Link to comment Share on other sites More sharing options...
HSD1 Posted September 20, 2011 Report Share Posted September 20, 2011 Tony, have you tried that competition before, and is it any good? 0 Quote Link to comment Share on other sites More sharing options...
SURYADEV Posted September 20, 2011 Report Share Posted September 20, 2011 Tony, ...... and is it any good? In other words: Have you won a million? If yes, DO you wana be friends? 0 Quote Link to comment Share on other sites More sharing options...
tonyhp32 Posted September 20, 2011 Report Share Posted September 20, 2011 I've registered for the competition and it seems quite good, closing date is i think 25th nov. 0 Quote Link to comment Share on other sites More sharing options...
HSD1 Posted September 21, 2011 Report Share Posted September 21, 2011 In other words: Have you won a million? If yes, DO you wana be friends? lol, we're not all like you. BTW do you have a million? 0 Quote Link to comment Share on other sites More sharing options...
SURYADEV Posted September 22, 2011 Report Share Posted September 22, 2011 lol, we're not all like you. BTW do you have a million? yep , i knew you were the unfriendly type yes I do have quite a few millions............of Rupees! 0 Quote Link to comment Share on other sites More sharing options...
HSD1 Posted September 22, 2011 Report Share Posted September 22, 2011 yep , i knew you were the unfriendly type What's that supposed to mean?!? 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.